## ## |CONTENTS||| |---|---|---| |||Page| |Trustees'
report||1-5| |Auditors
report to the Trustees||6-8| |Statement of Financial
Activities||| |Balance Sheet||10| |Statement of Cashflow||| |Notes to the Accounts||12-19| |General
Fund Revenue Account||20-22| |Churches
Fund Revenue Account||23| |Property
Income Fund||23| |Bangor Hostel Fund||23| |Pilgrim
Church
Fund||23| |Transformation
Fund||24| |Diocesan Readers Fund Revenue|Account|24| |Parsonage
Board Revenue Account||24| |Education
Irust Fund Revenue Account||25| |Cathedral
Fund||25| |Widows, Orphans
8 Dependants|Fund|26| |Ruth Roberts Fund||26| |Mrs BJM Smith Fund||26| |SW Tanganyika
Fund||26| |Winifred
I Thomas
Fund||27| |Hope Street Fund||27| ## ## ## ## |TRUSTEES REPORT|TRUSTEES REPORT|TRUSTEES REPORT|||||| |---|---|---|---|---|---|---|---| |The Members ofthe Council have complied|||with their duty in||section 17(5)ofthe 2011 Charities||Act to have due regard to the| |guidance
published
by the Charity Commission.|||||||| |Name ofCharity: The StAsaph|Diocesan||Board ofFinance||||| |Governing
Instrument:
Memorandum||and|Articles ofAssociation||||| |Company
Registration
No: 188626of||20|March 1923||||| |Registered
charity no: 233140|||||||| |Names ofDirectors/Trustees|||||||| |Mrs Sam Allin (from 30.06.20)|||||||| |Dr Lynne Ash|||||||| |Mrs Mavis Bartlett|||||||| |Revd Huw Butler|||||||| |Rt Revd Dr Gregory Cameron|||||||| |Ven Andrew
Grimwood|||||||| |Mr Bernard
Harris MBE (until 30.06.20)|||||||| |Mrs Helen Jones|||||||| |Ven John Lomas|||||||| |Mr Christopher
Mayer (until 30.06.20)|||||||| |Revd Hermione
Morris|||||||| |Mr Clive Myers|||||||| |Revd Christine
Owen|||||||| |Mr Stuart Richardson
(from 30.06.20)|||||||| |Mr Glyn Williams
(from 30.06.20)|||||||| |Mr Trevor Trevor DL|||||||| |Very Revd Nigel Williams|||||||| |Mr Phillip Williams|||||||| |Ven Dr Barry Wilson|||||||| |Appointment
ofTrustees|||||||| |The Bishop, The Dean and the three Archdeacons
are ex-officio members.
Two lay members||||||and one derical member are elected|| |by the Standing
Committee ofthe Diocesan|||Conference|from|each ofthe three archdeaconries||to serve fora term of3years.| |Elections were held accordingly|in June|2020for the triennium|||2020 to 2023.||| |In addition, the Board can co-opt|up to four||members. There||are currently 2 co-opted members,||Mr Stuart Richardson
and Mr Glyn| |Williams.|||||||| |Trustee induction
and training|||||||| ## ## ## ## |TRUSTEES REPORT||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |F
reP
n -Prl rii
r2 21an
on||||||||||| |~ Support for a refreshed diocesan strategy that is based on a vision offaith which is energising;
a||financial|||model which|||is||| |sustainable;
and a leadership
which is committed
to collaborative
ministry,
which is intentionally|missional|||and which says|||||its|| |Prayers||||||||||| |~ Generous
and enabling
support for our churches
and communities
during
the global coronavirus||pandemic,
keeping associated||||||||| |risks under regular
review||||||||||| |~ Effective and prudent
financial management
and forward
planning
to support the effective delivery|||ofdiocesan|||strategy||||| |~ Planned
and managed
reduction
ofthe current deficit on operations
over the next five years,|with|a return|||to a balanced||||budget or|| |modest surpluses
from 2020 onwards.||||||||||| |~ Prudent
financial management
and protection ofreserves to ensure the financial
security and sustainability|||||ofour||Diocese and|||| |our Church.||||||||||| |~ The Diocesan Investment
Policy and Ethical Investment
Policy will be kept under regular review.||||||||||| |Trustees' res
nsibilitles
in relation tothe financial statements||||||||||| |The trustees,
who are also the directors ofThe St Asaph Diocesan Board ofFinance for the purpose|||ofcompany|||law, are||||| |responsible
for preparing
the Trustees Report and the accounts
in accordance
with applicable|law|and United
Kingdom||||||Accounting||| |Standards
(United
Kingdom
Generally Accepted Accounting
Practice).||||||||||| |The law applicable
to charities
in England
and Wales requires the trustees to prepare accounts for||each||financial||year which give a||||| |true and fair view ofthe state ofaffairs ofthe charity and ofthe incoming
resources and application|||ofresources|||of|the charity|||for| |that year.||||||||||| |In preparing
these accounts, the trustees are required
to:||||||||||| |-select suitable acmunting
policies and then apply them consistently;||||||||||| |-observe the methods
and princ ples in the Charities SORP;||||||||||| |- pay regard to the Charity Commision's
guidance
on public benefit;||||||||||| |- make judgements
and estimates
that are reasonable
and pn;dent;||||||||||| |- state whether
applicable
accounting
standards
have been fol'owed, 'subject to any material|departures|||disdosed|||and|explained||| |in the accounts; and||||||||||| |-prepare the accounts on the going concern basis unless
it is inappropriate
to presume
that the charity
will|||||continue||in operation.|||| |The trustees are responsible
for keeping adequate
accounting
records that disclose with reasonable|||accuracy at any time||||||the|| |financial position ofthe charity and enable them to ensure that the accounts comply with the Companies||||Act 2006.||||||| |They are also responsible
for safeguarding
the assets ofthe charity and hence for taking reasonable|||steps||for the prevention|||||and| |detection offraud and other irregularities.||||||||||| |The trustee are responsible
for the maintenance
and integrity ofthe corporate and financial
information
included||||||on|the|charity's||| |website.||||||||||| |Disclosu
ofinforma
nt
audi||||||||||| |Each ofthe trustees has confirmed
that there is no information
ofwhich they are aware which|is relevant|||to|the audit, but||||ofwhich|| |the auditor is unaware.
They have further confirmed
that they have taken appropriate
steps to|identify such||||relevant||information|||| |and to establish
that the auditors are aware ofsuch information.||||||||||| ## ## ## ## ## ## ## ## ## ## ## ## ## |We assessed the susceptibility
ofthe company's
financial statements
to material
misstatement,|We assessed the susceptibility
ofthe company's
financial statements
to material
misstatement,|We assessed the susceptibility
ofthe company's
financial statements
to material
misstatement,|We assessed the susceptibility
ofthe company's
financial statements
to material
misstatement,|including|including|obtaining|obtaining|an understanding|an understanding|an understanding|an understanding| |---|---|---|---|---|---|---|---|---|---|---|---| |of how fraud might occur, by:|||||||||||| ||making enquires ofmanagement
as to where they considered
there was susceptibility|||to|fraud,|their|knowledge||ofactual,||| ||suspected
and alleged fraud;||||||||||| ||considering
the internal
controls
in place to mitigate risks of fraud and non-compliance|||with laws and|||regulations;|||and|| ||understanding
the design ofthe company's
remuneration
policies.||||||||||| |To address the risk offraud through
management
bias and override ofcontrols, we:|||||||||||| ||performed
analytical
prooadures
to identify any unusual|or unexpected
relationships;|||||||||| ||tested journal
entries to identify unusual
transactions;||||||||||| ||assessed whether judgements
and assumptions
made|in determining
the accounting||estimates||were|indicative||of|potential|| ||bias; and||||||||||| ||investigated
the rationale
behind
significant or unusual|transactions.|||||||||| |In response to the risk of irregularities
and non-compliance
with||laws and regulations,
we designed|||procedures||which included,||||but| |were not|limited to:||||||||||| ||agreeing
financial statement
disclosures
to underlying|supporting
documentation;|and||||||||| ||enquiring
of management
as to actual and potential
litigation and claims.||||||||||| |There are inherent
limitations
in our audit procedures
described||above. The more removed|that|laws and||regulations||are|from||| |financial transactions,
the less likely
it is that we would become||aware of non-compliance.|Auditing||standards||also limit the|||audit|| |procedures
required
to identify non-compliance
with laws and regulations
to enquiry ofthe|||directors||and other||management|||and|the| |inspection|of regulatory
and legal correspondence,
ifany.||||||||||| |||||||Unrestricted|Restricted|Designated|Endowment|Total Funds|Total Funds| |---|---|---|---|---|---|---|---|---|---|---|---| |||||||Funds|Funds|Funds|Funds|2020|2019| ||||||Note|E||E||E|E| |INCOME|||||||||||| |Donations and legacies|||||19|4,387,737|2,091,686|||6,479,423|4,971,143| |Income from trading activities|||||19||243,782|||243,782|227,948| |Income from charitable||activities|||19||374,996|||374,996|376,532| |invesbnent
income|||||19|29,622|52,926|||82,548|192,947| |Other incoming resources|||||19|1,351,211|40,943|||1,392,154|249,988| |Total income||||||5768.570|2 804333|||0572903|0018506| |EXPENDITURE|||||||||||| |~heri
f2~AgvViies|||||||||||| |Support for ministry|||||20|3,918,748|75,705|||3,994,453|3,928,512| |Support for parishes|||||20|166,443|214,237|||380,680|279,157| |Church
property|||||20|213,148|781,727|||994,875|736,484| |Grants and other financial|||support||20|1,255,635|147,703|||1,403,338|306,172| |Communicabon|||||20|61,525||||61,525|87,831| |Mission Areas|||||20|5,909||||5,909|51,918| |Support costs charged||to|charitable|activities|21|38,684||||38,684|55,618| |Investment
managers costs||||||4,094||||4,094|10,000| |Total expenditure||||||5664 185|1 219372|||6883557|5435 692| |Net Incomei(expenditure)|end|net|movement|In funds||104,386|1,584,961|||1,689,346|582,864| |onin||tmenf|||||||||| |Realised||||||2,384|33,185|||35,569|(21,426)| |Unrealised||||||185,802|62,196|22,984|6,511|277,493|(534,759)| |||||||~708100|~95381|~22904|~6517|~373082|558105| |Transfers between|funds|||||15,403|(15,403)||||| |Fund balances as at 1 January|||2020|||4,280,044|3,022,553|363,184|94,285|7,760,066|8,621,018| |Fund balances as at 31|December 2020|||||4211646|4496730|340200|67774|9 136350|7760 007| ## ## ## |||||||2020|2019| |---|---|---|---|---|---|---|---| ||||||Note|R|| |Cash used in operating||activities|||22|640,509|751,756| |Cash ttows from investin||activities|||||| |Interest Income||||||4,202|10,730| |Dividend
Income||||||80,346|187,717| |Purchase ofinvestments||||||(460,734)|(309,139)| |Proceeds from sale of investments||||||533,701|308,839| |Purchase offixed assets
Purchase of investment|properties|||||(932,302)|(440,238)
~459,753| |Increase/(decrease)
in cash and cash equivalents|||||in the year|(134,278)|49,912| |Cash and cash equivalents||at the beginning||ofthe|year|671,529|621,617| |Total cash and cash equivalents|||atthe end ofthe year|||537,252|671,529| |THE STASAPH DIOCESAN BOARD OF FINANCE|||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| |YEAR ENDED 31DECEMBER 2020|||||||||||||| |NOTES TO THE ACCOUNTS|||||||||||||| |1 ACCOUNTING
POUCIES|||||||||||||| |The financial statements
have been prepared
in acconlance
wNh Accounfing
and Reporfing
by Charfilew
Statement ofRecommended|||||||Practice applicable to||||charities preparing||| |Instr accounts in accordance
wfih the Finsrelal Reporting
Standard
applicable
in the UK and Republic ofireland (FRS 102)(effective||||||I|January 2015) - (Charities SORp (FRs||||||| |102)),the Financial Repoffing Standard appfieable
in the UK and Republic ofIreland (FRS102)and the Companies||Act 2008.|||||||||||| |StAssph Dkmsssn Board ofFinance meets the deflnfilon
of4 public benefs enNy under FRS 102.Assets end Uabifities are|||inNisfiy recognised sl|||||historical cost or||||Irsnssefion|| |value unless otherwise slated In the nrievant
accounfing
pofiey nate(s).|||||||||||||| |The eharily'4
presenlalkmal
euneney
ls pound slerfing. and afi amounts
staled
wNhin the finanrrial
sbriements|are munded
to||the nearest pound.||||||||||| |(e) Accourmflg
Convolrilon|||||||||||||| |The financial slalemelris
have been prepwed
on the historirsl coal basis ofaccounfing, as modlfied
by the annual||revaluation||of|Stock||Exchange|Securfiles.|||||| |Net movements
on the revalustkm
ofinvestments
are not laken to 4 revaluation
reserve but, as with net surpluses||and detlcNC||arising||on reafissfion||||offixed assets, sre taken|||| |dlrscUy to Ihe relevant funds.|||||||||||||| |At the Ume ofappmvlng
the accounts, the trustees have e reasonable
expsctsUon thai ths enemy hss adequate resources to confinue|||||||in operational|||existence for Ihs|||| |foreseeable
fulure. Thus the trustees conUnue to adopt the going concern basis ofaccounting
in preparing
the accounts.|||||||||||||| |(b) Properly|||||||||||||| |Freehold land held by the Diocese at the balance sheet date has hsd no value attributed
to N. Proceeds ofsales of
chsfgod ta NIO funds.||land are credited to|||||the appropriate|||funds|and purchases||are| |Freehold pmpsriy
is capitafised and held sl cost less accumulated
depreciation
wkhin the balance sheet.|||||||||||||| |Due tothe hlstorie msure ofthe Church
in Wales there is always 4 possibNNy
Inst the Diocese may own pmpertles||that they do||not know about. In||||the unusual|||ekeumslance||thai| |such a properly is discovered,
N is brought
in tothe accounts at its current market value ss 4 dansUon.|||||||||||||| |(e) lnvesbnmris|||||||||||||| |Slack Exchange Securifies sre stated al market values based on middle market pricos.|||||||||||||| |Surpluses
and USMts on sales ofinveslmenls
ara csbulsted
by reference to market value al the stsri ofthe|year where the||investmenls||||were held||st that dale, and tocost||||| |whsm Ule Iflve4tflxmt4
wwo acquired
duflflg Iho year.|||||||||||||| |Income from inveslmenls
and assodaled tax credfis are Induded
in the accounting perio for whish they sre|receivable.||||||||||||| |(d) Grants meelvabls|||||||||||||| |Grants forthe bufiding
and refurbishment
ofpopertles
snd 44 eontrlbuUons
lowards costs are included
in tha|accounting
period|||kx which they are||||receivable.|||Wtlh|regard la|| |Nfidows, Orphans
snd Dependents,
the grants sre pmvtded
on an Indtvkkfal
basis dependent
upon the Information||provided|by|ths individual
widows,||||||orphans|or dependents.||| |Income from government
and other grsnls, whether 'capNal' grants or 'revenue'
grant 4 is recognised
when the charity has enlMement
attached have bean mel, it ls probable thai the income wgl be received and the amount can be measured
refiably and is not deferred.||||||to the funds,||any performance||||condNons|| |(e)Fumkum,
fbdures snd Ifitlngs|||||||||||||| |ExpendNure
an fumkure,
fixtures snd Mfing4 ls wrmen off in the period in which the expenditure
is incurred,
except||for larger Meme, as||||noted in point||||Q) below.|||| |(fjIncoming resources|||||||||||||| |Income is recognised
when the charfiy has emfilement
to the funds, sny condNons
sfiachad to Ihe Nem(4) of|Income have been|||mel, itis probable||||that ihe Income wfil be|||||| |received and the amours csn be measured
reliably.|||||||||||||| |Grants receivable ars aNocaled to Ihe funds to whmh they relate and ara trealed accardingly,|||||||||||||| |For lagaeNC, enfifiemom istaken as Ihe eariier ofthe date on which either: the charfiy is aware thai probate has been granted, the|||||estate has been|||flnalisad and Ivriificatkm|||||has| |been made by Ihe executer(s) to the charity that 4 distribution
wfil be made, or when 4 dislrlbufion
is received|from ihe estate.||Receipt|||of4 legacy,||In||whole or|in perl, is only||| |considered
protmble when the amount can be measured
refiably snd Ihe charity hss been nollfied ofthe executor's||Intention
to||make a|||distribution.||Where legacies|||have been|| |notmed to the charNy, or Ute chalfiy is aware ofthe granfing ofprobate, and tha crfieria for income reeognilhn|have|nat been|met,||then|ihe legacy is|||4Irected||44 4corritngsnt||| |444et Snd dkmloMU
IfIMlsrisl.|||||||||||||| |Interest on fund4 held on depasfi is included
when receivable snd Ihe amount can be measured
nriiably
by the ehaffiy. This i4 nonnafiy||||||upon nolificalion ofUle interest pskl or|||||||| |payable
by the bank.|||||||||||||| |(0) Fund aceounfing|||||||||||||| |Unrestricte
fund4 sm avafiame to spend on acUvfiles that further sny ofthe purposes ofcharky. Designated|funds|are unresbksed|||funds ofIhe chamy whhh||||||the hostess hare||| |decided al their discretion to set aside to use foraspeetfic purpose. Restricted funds are donaUons whkh the|donar|hss specified|||are|to be solely used for particular||||||areas ofthe|| |chaffiy'4 work, orfor speeMe arfistm projects being underiaken
by the chamy. The charity'4 endownmnl
funds|sre pennanenfiy||endowed||||funds; subject to spectfic eondmons||||||by| |donors that the capNSI ls maintained
by the charky.|||||||||||||| |(h) Resources expended|||||||||||||| |Resources expended
are recognised
on the aawuals basis. The costs are afiacated to each fund 44Ihe invoices srs processed.|||||||||||||| |(I) Transfers batsmen funds|||||||||||||| |These represent
adminislrsfion
charges from Ihe Restricted
Funds to the General Fund and largely represent|salary|costs.|||||||||||| |g) TsnglMO fixed assets snd dopleclstlafl|||||||||||||| |Tangible fixed assets are slated sl coal less depreetmion.
Assets are eapitalised
at values over 2500.|||||||||||||| |is provided
M rates csbulsisd
lovsfie offthe cost less estimated
residual
value ofeach asset over its||expected|useful life,||||as follows:||||||| |Freehold Bufidings
2%strslgM
Une|||||||||||||| |Computer
Equipmenl
33.33%straight
line
Fixtures 5FiBngs
10%straight
line|||||||||||||| |(k) Invesbnsnl
properfiss|||||||||||||| |Invesbnent
properly,
whhh is pmperly
hakl to eam rentals sndfor for capNSI sppreeisUon,
is iniJafiy recognised al cost, which|||includes|||Ihe purchase|||coal and sty direcdy||||| |aNlbulable
expenditure.
SubsequenUy
N is measured st fair value stthe reporting
end date. Ctmnges
in fair value are recognised|||||in profit or loss.||||||||| ## |12 ANALYSIS OF NET ABBEYSBETWEEN FUNDS (SeeNota 11)|12 ANALYSIS OF NET ABBEYSBETWEEN FUNDS (SeeNota 11)|||Non4:arrant|Net Cunwnl|| |---|---|---|---|---|---|---| ||Fixed Assets|Invesunents||Assets|Assets|Total| |~(dg(dna
General Fund
Churches
Fund|6
1,853.651|6
2,530,338|459,753|6|6
(821,739)
41,053|2
4,152,503
41,053| |()sag)00(9(LFFI0((5||||||| |Bangor Hostel||||||| |899(((g(1IIU90((2||||||| |Pilgrim Church Fund
Tmnsfoimatlon
Fund
Diocesan Readers Fund|||||3,723
33,934
8,634|3,723
33,934
8.S34| |Parsonage
Board|||||389,941|389,941| |Educabonal
Trust Fund||1,070,445||||1.405,999| |Calhedral
Fund
Widows, Orphans 8Dependents
Ruth Roberts Fund|Fund|135,784
388,896
190,498|||32,225
(72,040)|107,989
318,250
190N98| |Mrs BJM Smkh Fund
Hope Slreel Fund
SWTanganylks
Fund||113,800|||1,858,781
11,181|113,800
1,858,781
1'1,161| |Pmpsny
hlconle Fund|||||18,090|18,090| |EgggggiggLFF(2||||||| |Wlnlfred
I Thomas Fund||87,774||||87,774| ||I 853051|4827 300|459753|130500|1885 088|9138350| |1$GRANTS RECEIVED||||||| ||||||2020|2019| ||||||6|8| ## ## ## |GENERAL FUND|||||Note|2020|2019| |---|---|---|---|---|---|---|---| |INCOME||||||E|5| |Perish share
Dividends
Loan interest
Bank interest||||||3,259,549
27,572
1,899
150|3,155,288
127,575
4,969
53| |Education Trust loan interest|||||||| |Miscellaneous
RBcontribution
re DAC
RBblock grant
Rev GO Owen Trust
Wrexham
(Parochial) Educational
Foundation
RBCoronavirus
emergency
funding
Coronavirus
Job Retention Scheme grant|||||16|3,717
8,333
1,041,279
5,158
50,387
1,156,605
23,031|4,197
8,333
1,041,278
6,636
17,698| |Rental income, let personages||||||160,000|| |Property donations|||||||433,398| |QIIIEd|||||||| |Donations|||||||| |Bishops ordination
fund|||||||| |Legacy G ERess Jones, Isla||Johnson||||7,744|5,625| |LE:EXPENDI
R||||||6,745,424|4,805,050| |Maintenance
ofMinis|||||||| |Representative
Body dergy|costs|||||2,171,762|2,138,514| |Archdeacon
expenses||||||10,926|19,717| |Clergy pension
contributions||||||758,490|716,798| |Property
meeting expenses||||||87|138| |Insurance,
Clergy|||||||| |Council tax||||||184,142|186,799| |Contribution
to Parsonage|Board|||||374,996|376,532| |Diocesan Advisory Committee||||||318|3,080| |Transition
ministry||||||9,332|11,093| |Resource church|||||||| |Clergy housing
loan interest|||||||| |Miscellaneous||||||2,596|2,890| |Churches
Emergency
Aid||||||16,667|16,667| |Mission Area consultant||||||1,800|15,578| |Mission Area /20-20 vision||||||5,916|51,918| |Church Army
Introduc8on
to Diocese
Governance:||||||3,145|5,943
70| |Transition
Mentors|||||||| |Contribution
to transformation||fund|||||| |Safeguarding||||||99|733| |Governing||Body meeting||expenses||1,024|16,952| |Registrar||costs||||26,651|26 103| |||||||3,565,951|3,589,525| |SliBI8hXE&EE0888|||||||| |Readers||||||207|620| |Mission Area Leaders expenses||||||10,293|22,236| |Rural ministry expenses||||||11,878|13,510| |Removals||||||61,388|47,064| |Interregnum
fees||||||193|891| |Clergy support|||||||1,367| |Board ofnominations||||||2,087|12,592| |LGBTChaplaincy|||||||| |||||||86,046|98,280| |ggg~&~alg08|||||||| |Cathedral
Grant|||||17|67,600|66,176| |Social Engagement
Grant|||||17|7,602|4,338| |TCC Grant|||||17||5,000| |Coronavirus
Enabling
Grants|||||17|51,846|| |Coronavirus
Finance Enabling||Scheme|||17|1,043,823|| |Youth Grant|||||17|3,080|1,000| |||||||1,173,951|76,614| |||||Expenditure|Carried Forward|4,825,948|3,764,319| |GENERAL FUND (CONTINUED)|GENERAL FUND (CONTINUED)||Note|2020|2019| |---|---|---|---|---|---| |||||E|5| |||Expenditure|Brought Forward|4,625,948|3,764,319| |Administration
costs||||86,584|78,831| |Depreciation||||45,391|27,022| |Stockbroker fees||||4,098|10,000| |Diocesan conference and meetings||||1,928|13,360| |Staff training||||862|937| |||||138,863|130,160| |E isco
I Ex
n
s|||||| |Bishops funds||||9,200|9,011| |Bishops staff meeting expenses
Bishops Chaplain expenses
Episcopal expenses||||651
445
~22|1,375
412
62| |||||10,274|10,860| |Miscellaneou
ex
nses|||||| |Property Inspections||||15,802|21,141| |~Develo
ing||||16,802|21,141| |Ordinands
training|||||711| |Ordinands
Robe allowances
G ERees Jones grants
Steering group expenses
Training expenses 8 dergy
Living & learning/Exploring|conference
Faith|||4,800
13,249|4,500
1,413
1,000
25,757| |Training ofhcer costs|||||| |Ministry expenditure||||54|322| |Spirituality
and healing||||70|539| |Ecumenism|||||| |Liturgy|||||| |Parish development|||||| |Vocations Selection
Discernment
costs||||(64)
153|462| |||||18,262|34,704| |~tP
QQL%JII%)ihSE|||||| |~ri|||||| |Youth
Children/schools
Bishop's visitors
Administration
College chaplaincy
Training Costs||||3,834
2,712
6,994
7,091
9,709|15,682
8,989
11,188
10,032
5,832
'I,446| |Steering group expenses||||115|276| |Funding
and parish support
Stewardship||||2,399
118|3,397
623| |Training together||||336|1,010| |||||35,308|68,475| |&mmggigg)Jm5|||||| |Communications||||12,412|12,877| |Printing
publications||||19,399|22 200| |isation||||31,811|35,477| |||||937|3,225| |||||937|3,225| |||Expenditure|Carried Forward|5,077,205|4,058,351| |GENERAL FUND (CONTINUED)|GENERAL FUND (CONTINUED)|GENERAL FUND (CONTINUED)||Note|2020|2019| |---|---|---|---|---|---|---| |||||||6| ||||Expenditure|Brought Forward|5,077,206|4,058,361| |Eh!Qh(s)t'ai||||||| |Steering group expenses|||||172|707| |Evangelism||||||| |Hope 8 future||||||| |Evangalist
training|and|expenses||||| |Engagement
officer|||||1,143|992| |Diocesan World Mission||||||| |Conferences||||||336| |Offerings|||||255|81| |General Resources|||||41|733| |Church
&society|||||1 513|1 994| ||||||3,124|4,763| |||||10|617,456|513,132| |Less: Administration|contribution|||||| |Parsonage
Soard
Education Trust|||||(40,992)
~45.355|(40,148)
~47,599| ||||||(56,342)|(57,648)| |TOTAL EXPENDITURE|||||6,541,443|4,618,688| |Surplus
/ (deficit) for the||year|||203,981|286,462| |Transfer from restricted||funds|||15,403|| |Fund balance as at|1 January 2020||||4,121,305|3,497,753| |Realised surplus
/ (deficit) on investments|||||(2,384)|26,237| |Unrealised
surplus|/ (deficit) on investments||||(185,802)|310,843| |Fund balance as at 31||December 2020|||4,152,603|4,121,306| |CHURCHES|FUND REVENUE ACCOUNT|FUND REVENUE ACCOUNT|Note|2020|2019| |---|---|---|---|---|---| |||||6|E| |~ME|||||| |All Churches|Trust Fund|||23,148|48 848| |||||23,146|48,646| |~EXPE ~IT||E|||| |Grants|||17|42,381|29,120| |||||42,381|29,120| |Surplus
/ (deficit) for the year||||(19,235)|19,526| |Fund balance||as at 1 January 2020||60,288|40,762| |Unrealised
surplus
/ (deficit) on investments|||||| |Fund balance||as at 31December 2020||41,063|60,288| |PROPERTY|INCOME FUND|||2020|2019| |||||E|| |~IN
ME|||||| |Let property|||||100,000| ||||||100,000| |~EXP
N
IT|RE||||| |Administrator|funding||||1,548| |Grants||||80,362|| |||||80,382|1,548| |Surplus
/ (deficit) for the year||||(80,382)|98,452| |Fund balance||as at 1 January 2020||98,452|| |Fund balance||as at 31December 2020||18,090|98,462| |BANGOR HOSTEL FUND||||2020|2019| |||||E|| |Dividends
received|||||| |Unrealised
surplus
/ (deficit) on investments||||(22,984)|32,003| |Fund balance||as at 1 January 2020||363,184|331,181| |Fund balance||as at 31December 2020||340,200|383184| |PILGRIM CHURCH FUND||||2020|2019| ||||||E| |Bank interest|||||| |Sundry income||||5,968|2,031| |||||5,968|2,031| |Miscellaneous||||3,499|1,286| |||||3,499|1,286| |Surplus
/ (deficit) for the year||||2,469|745| |Fund balance||as at 1 January 2020||1,254|509| |Transfer|||||| |Fund balance||as at31December 2020||3,723|1 384| |TRANSFORMATION|TRANSFORMATION|FUND|FUND||2020|2019| |---|---|---|---|---|---|---| ||||||E|K| |~IN
M||||||| |Representafive|Body|contribution||||| |Grants|||||8,823|237,417| |Diocesan Contribution||||||| ||||||8,823|237,417| |EXPENDI
RE||||||| |Grants|||||32,149|53,326| |Evangelism|||||226,851|8,224| ||||||259,000|61,550| |Surplus I(deficit) for||the year|||(250,177)|175,867| |Fund balance|as at 1 January 2020||||284,111|108,244| |Transfer||||||| |Fund balance|as at|31December 2020|||33,934|284,111| |DIOCESAN READERS FUND REVENUE ACCOUNT|||||2020|2019| ||||||R|E| |~IN
OME||||||| |DBFgrant
RBre services
Bank interest|taken|by readers||||198
13| |||||||211| |~EXPEN
IT
RE||||||| |Conference||||||593| |Administration|||||189|406| |Miscellaneous|||||72|72| |Robes - new readers||||||| ||||||261|1,071| |Surplus I(deficit) for||the year|||(255)|(860)| |Fund baktnce|as at 1 January 2020||||6,889|7,749| |Fund balance|as at|31December 2020|||6,634|9sss| |PARSONAGE|BOARD REVENUE ACCOUNT||||2020
E|2019f| |LNN||||||| |Diocesan contribution|||||374,996|376,532| |Marshafi
Charity||||13||| |Rent|||||221,366|198,729| |Interest received on improvement
fund|||||2001|5501| ||||||598,363|580,762| |E)(E'R52ILBE
Repairs &improvements|||-net ofreimbursements||408,001|499,397| |Administrafion|contribution||(General Fund)||42,355|42,016| |Rent received|to property||fund||160,000|100,000| |Insurance|||||20,876|18,697| |Staff||||||| ||||||631,232|660,110| |Surplus I(deficit) for||the year|||(32,869)|(79,348)| |Fund balance|as at 1 January 2020||||422,810|502,158| |Fund balance|as at|31December 2020|||399941|422,810| |EDUCATION TRUST FUND REVENUE ACCOUNT|EDUCATION TRUST FUND REVENUE ACCOUNT|EDUCATION TRUST FUND REVENUE ACCOUNT|EDUCATION TRUST FUND REVENUE ACCOUNT|EDUCATION TRUST FUND REVENUE ACCOUNT|2020|2019| |---|---|---|---|---|---|---| ||||||E|| |~IN
ME||||||| |Investment
income
Bank interest|||||37,976
108|47,805
149| |Rents
Miscellaneous
-|including|||proceeds from sale offormer schools|22,418
2,185|29,021| |Welsh Assembly||Government|||30,809|83886| ||||||93,472|160,961| |~PENDIIIIRE||||||| |Schools:||||||| |New buildings
/ extensions
/ improvements
Planning
&professional
fees|||||5,652
3,544|2,979
1,157| |Administration
contribution||||to General Fund||| |Stockbroker fees||||||| |WAG Cap Fund|||||98,333|63,923| |Miscellaneous|||||2,243|80| |EIGSchools|||||12,096|11,100| |Total expenditure|||||119,868|79,239| |Surplus /(deficit)||for|the year||(26,396)|81,722| |Fund balance as|at 1 January 2020||||1,484,182|1,299,464| |Realised surplus|/ (deficit)|||on investments|(25,331)|(4,257)| |Unrealised
surplus||/|(deficit) on investments||(26,436)|107,233| |Fund balance as||at|31December 2020||7,666,888|1,484,162| |CATHEDRAL FUND|||||2020|2018| ||||||E|E| |lhh(IME||||||| |Dividends|||||3,680|4,132| |Bank interest||||||1| ||||||3,680|4,133| |gX~PEN
LTT/RREE||||||| |Dean &Chapter||||||| |Stockbroker fees||||||| |Transfer ofcustodian|||trustee funds to Cathedral|||| |Bank charges|||||73|73| ||||||73|73| |Surplus
/ (deficit)|for||the year||3,807|4,060| |Fund balance as|at 1 January 2020||||176,353|159,947| |Realised surplus|/|(deficit)||on investments|(3,308)|(383)| |Unrealised
surplus||/ (deficit) on investments|||(8,663)|12,729| |Fund balance as||at|31December 2020||767 aaa|776383| |WIDOWS, ORPHANS SDEPENDANTS|WIDOWS, ORPHANS SDEPENDANTS|WIDOWS, ORPHANS SDEPENDANTS|FUND|2020|2019| |---|---|---|---|---|---| |||||E|E| |~IN
E|||||| |Grant from Diocesan Board of Finance|||||| |Investment
income||||11,118|8,205| |Donafions||||1,325|1,570| |Corwen college pension charity||||32,195|| |Bank interest||||34|| |Miscellaneous|||||| |Legacies|||||| |||||44,672|9,813| |~REPEN
IT RE|||||| |Church
in Wales|W00Society|||20,000|9,100| |Grants and gifts||||8,550|12,800| |Miscellaneous||||129|117| |Stockbroker fees|||||| |||||28,879|22,017| |Surplus
/ (deficit)|for the year|||15,993|(12,204)| |Fund balance as|at|1 January 2020||309,327|290,245| |Realised surplus|/ (deficit) on investments|||(4,546)|(171)| |Unrealised
surplus||/ (deficit) on investments||(4,524)|31,457| |Transfer|||||| |Fund balance as at 31December 2020||||316,260|309,327| |RUTH ROBERTS FUND||||2020|2019| |||||E|| |Fund balan' as|at|1 January 2020||204,629|184,953| |Unrealised
surplus||/ (deficit) on investments||(14,131)|19,676| |Fund balance as at 31December 2020||||190,498|204,629| |MRS BJM SMITH FUND||||2020|2019| |||||E|E| |Fund balance as|at|1 January 2020||122,242|110,488| |Unrealised
surplus||/ (deficit) on investments||(8,442)|11,754| |Fund balance as at31December 2020||||113,800|122,242| |SW TANGANYIKA||FUND||2020|2019| |||||E|E| |!HQQIK|||||| |DBFGrant|||||| |Donations||||35,418|69,525| |Bank interest received||||6|6| |||||35,424|69,531| |EKKh!DlIUHK|||||| |Travelling expenses||||1,270|2,217| |Bank charges||||304|384| |Donations||||33,445|58,490| |Miscellaneous
expenses|||||| |||||35,019|61,091| |Surplus
/ (deficit)|for the year|||405|8,440| |Fund balance as|at|1 January 2020||10,776|2,336| |Fund balance as at31December 2020|||||| |WINIFRED I THOMAS FUND|2020f|2019f| |---|---|---| |Fund balance as at 1 January 2020|94,285|85,219| |Unrealised
surplus I(deficit) on investments|(6,511)|9,066| |Fund balance as at 31December 2020|87,774|84,286| |HOPE STREETFUND|2020f|2018f| |~IN
ME||| |Grant|2,013,925|| ||2,013,925|| |Q(~PEN
~IT RE
Travelling expenses|601|| |Legal fees
Advertising|840
4,487|| |Operations
manager
Repairs
Stipend
Nl and pension
Grants redistributed|14,783
193
49,05t
71,786|| ||141,741|| |Surplus I(deficit) for the year|1,872,184|| |Transfer to unrestricted
fund|(15,403)|| |Fund balance as at 1 January 2020||| |Fund balance as at31December 2020|1 $88181||